Why Shares of Qualcomm Soared Nearly 8% Higher Today
Shares of mobile chip leader Qualcomm (NASDAQ: QCOM) soared nearly 8% higher today, building on the company's gains since reporting on the final quarter of its 2021 fiscal year (the 12 months ended Sept. 26, 2021). The stock is now up nearly 40% in the last month.
The latest jump comes following Qualcomm's investor day presentation. Qualcomm's relationship with Apple (NASDAQ: AAPL) has been tenuous in recent years, and indications are that Apple might eventually part ways with Qualcomm. However, in the presentation, Qualcomm indicated it should continue to grow in the coming years with or without Apple -- leading to shareholder cheer.
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Source Fool.com
